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International Monetary Fund

Payments, 2007-12 3a. Consolidated Central Government Operations, 2007-12 (In millions of manat) 3b. Statement of Consolidated Government Operations, 2007-12 (In millions of manat) 4a. Consolidated Central Government Operations, 2007-12 (In percent of non-oil GDP) 4b. Statement of Consolidated Government Operations, 2007-12 (In percent of non-oil GDP) 5. Summary Accounts of the Central Bank, 2007-12 6. Monetary Survey, 2007-12 7. Selected Economic and Financial Indicators, 2010-16 BOXES 1. Inflation, Food Prices, and Output Gap 2. The

International Monetary Fund

been published. Exchange Rate Arrangements The currency of Azerbaijan is the manat, which became sole legal tender on January 1, 1994. The de jure exchange rate regime is “other managed arrangement” since March 2011, but the de facto regime remains as “stabilized arrangement”, based on the authorities’ policy to allow greater exchange rate flexibility since late 2010. Azerbaijan accepted the obligations of Article VIII, Sections 2, 3, and 4 effective November 30, 2004, and maintains an exchange system that is free of restrictions on the making of

International Monetary Fund

) 747 1998 1999 2000 2001 2002 1/ (In percent of GDP) Structure of GDP Industry and construction 35.0 39.1 42.5 43.5 45.6 of which: Oil and gas sector 11.5 20.1 30.5 32.0 29.5 Agriculture 18.0 18.2 15.9 14.8 14.2 Other 47.0 42.7 41.5 41.7 40.2 (Percentage change, unless otherwise indicated) Output and employment GDP (in billions of manats) 17,203 18,875 23,591 26,578 29,602 Real GDP 10